#1 - M&T Bank (NYSE:MTB)
It’s always a good idea to have quality financial stocks like M&T Bank (NYSE:MTB) in your portfolio. When interest rates are low, these companies benefit from increased loan activity because it costs less for consumers and businesses to borrow money. And when interest rates rise, banks benefit by having the ability to earn more interest from investing their large supply of cash. This remains true even as banks increase the amount of interest they pay to their depositors.
M&T offers an appealing price-to-earnings ratio of 15x earnings a dividend yield of 2.81% and a consensus price target of $198.74 which is 17% higher than its current price of $168.96. Plus, even though the company missed on earnings in its most recent quarter, it still forecasts full-year earnings per share (EPS) of $19.84. That’s above the bank’s previous guidance and would represent a 42% year-over-year increase.
About M&T Bank
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Read More - Current Price
- $214.16
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $198.76 (7.2% Downside)
